Sunday 20, July 2008 by
$3 billion drilling company launched by First Energy Bank
Bahrain-based First Energy Bank (FEB) said it is creating a $3 billion offshore drilling and services company, MENAdrill. Launched with Gulf Finance House, ADWOC, PFC Energy International and Noble Denton, FEB said MENAdrill plans to be one of the largest companies of its kind in the Middle East, Asia and North Africa and is designed to capitalise on ever-increasing hydrocarbon prices and the resulting robust demand for oil and gas drilling services.
